🚗 🚙 Turn your trusty old car into trustworthy journalism Learn more

Who needs consumer demand to make money?

Jeremy Hobson Apr 17, 2013
HTML EMBED:
COPY

Who needs consumer demand to make money?

Jeremy Hobson Apr 17, 2013
HTML EMBED:
COPY

Bank of America said this morning that its profit quadrupled last quarter compared with a year ago, though that was below expectations. Toymaker Mattel also reported a quadrupling of profit last quarter, helped in part by cost cutting.

David Kelly, chief global strategist with JP Morgan Funds, joins Marketplace Morning Report host Jeremy Hobson to explain what’s got profits up.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.